Business

Disruptions cut crude output from Libya 02 Jul 2013 - 01:57 am

TRIPOLI: New protests have shut down several Libyan oilfields, cutting output by around a third, industry sources said, as Libya struggles to maintain...

EU crisis cools, unemployment hits record 02 Jul 2013 - 01:56 am

BRUSSELS: The economic crisis in southern Europe may be easing, a key survey signalled yesterday, but new data showed the eurozone jobless rate...

Emirates finds broad demand for aircraft lease deal 02 Jul 2013 - 01:56 am

LONDON: Dubai’s flagship airline carrier Emirates last week raised $630m through the issuance of enhanced equipment trust certificates (EETC) to fund the purchase...

US factories rebound in June, hiring down 02 Jul 2013 - 01:55 am

NEW YORK: US manufacturing activity grew last month, rebounding from an unexpected contraction in May, but hiring in the sector was the weakest...

Q.media Decaux awarded ad concession at City Center 02 Jul 2013 - 01:55 am

Doha: Q.media Decaux has been awarded an 11-year contract with City Center, Doha, for the exclusive advertising concession in the mall. Following advertising...

Nokia to buy equipment venture of Siemens, shares surge 02 Jul 2013 - 01:53 am

Various models of Nokia and Siemens mobile phones in a shop in Kaiserslautern, Germany, yesterday. HELSINKI: Nokia shares surged yesterday after it announced...

UK economy shows signs of life 02 Jul 2013 - 01:51 am

Mark Carney (left), the Governor of the Bank of England, takes his seat next to Paul Tucker, outgoing Deputy Governor, during a monetary...

Cameron signs $1bn deals in Kazakhstan 02 Jul 2013 - 01:51 am

ASTANA: British Prime Minister David Cameron signed a strategic cooperation agreement as well as $1bn in deals with Kazakhstan yesterday during his first...

MRPL aims to resume Iran oil imports 02 Jul 2013 - 01:50 am

NEW DELHI: India’s MRPL is preparing to resume oil imports from Iran, after stopping in April, having secured local reinsurance for claims of...

WTO refuses Indian request to throw out US trade dispute 02 Jul 2013 - 01:48 am

GENEVA: India has failed to persuade the World Trade Organisation (WTO) to dismiss a trade complaint brought by the United States, according to...

Activist investors target British oil, gas firms 02 Jul 2013 - 01:47 am

LONDON: UK-listed oil and gas companies that have lost favour with mainstream shareholders are attracting investors who want to push bosses out, access...

New top management at Toyota 02 Jul 2013 - 01:46 am

Toyota Motor Corp President Akio Toyoda (centre) with Executive Vice-Presidents (from left) Yasumori Ihara, Mitsuhisa Kato, Satoshi Ozawa, Nobuyori Kodaira, Masamoto Maekawa and...

Qatari bourse gains 37.56 points in June 02 Jul 2013 - 01:46 am

Doha: Qatar Exchange index gained 37.56 points or 0.41 percent in the month of June 2013 when trading closed on the last day...

Thai govt stuns market by scrapping cut in rice price 02 Jul 2013 - 01:45 am

BANGKOK: Thailand’s government reversed a cut in the rice intervention price on the day it took effect, giving in to farmers who had...

AirAsia chief executive outlines India growth plans 02 Jul 2013 - 01:25 am

MUMBAI: Asia’s largest budget carrier AirAsia outlined plans yesterday to aggressively grow its Indian joint venture, including by adding 10 planes a year...

European stock markets rise 02 Jul 2013 - 12:24 am

LONDON: European stock markets rose yesterday on encouraging manufacturing data which suggests the eurozone economy may be climbing out of recession. Markets brushed...

BSE Sensex up 181.58 points 02 Jul 2013 - 12:24 am

Mumbai: A benchmark index of Indian equities market yesterday closed trade 0.94 percent or 182 points up, the highest in almost a month....

Petrochemical exports to hit 23m t/y: Minister 01 Jul 2013 - 03:13 am

H E Dr Mohammed bin Saleh Al Sada & Abdulrahman Ali Al Abdulla DOHA: Qatar’s chemical and petrochemical industry investments will further increase...